Which pricing policy would probably be best for a profit-oriented producer introducing a really new product with a very inelastic demand curve?
A)skimming price
B)meeting competition pricing
C)below-the-market pricing
D)penetration pricing
E)Introductory price dealing

Question

Quizplus · Accepted Answer

Skimming may maximize profits in the market introduction stage for an innovation,especially if there are few substitutes or if some customers are not price sensitive.

Which Pricing Policy Would Probably Be Best for a Profit-Oriented